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Zambia’s President Resolved to ‘Evict’ Copper Miner

  • State-owned company moved to liquidate Vedanta’s copper unit
  • Vedanta is seeking international arbitration over the move
Edgar Lungu  

Edgar Lungu  

Photographer: Gulshan Khan/AFP via Getty Images

Zambia will press ahead with the legal process to liquidate Vedanta Resources Ltd.’s local copper unit, President Edgar Lungu said, as a ruling about the matter was postponed to June 11.

“We are resolved, we are determined to proceed with the liquidation process,” Lungu said Tuesday in comments broadcast online. “We are going to make sure Vedanta goes and a new investor comes in.”